Actuarial Services

The Pennsylvania Municipal Retirement System requires professional actuarial consulting services and accounting valuation advice. The selected vendor must determine minimum municipal obligations under Act 205, perform composite reporting under GASB 67, and prepare annual reports under GASB 68. Additional scope includes providing annual actuarial valuation reports, an actuarial modeling tool, disability term cost rates, system-wide pension projections, and a five-year experience study covering January 1, 2024 through December 31, 2028. Work will be performed offsite. Only United States onshore organizations are eligible to submit proposals. Offerors must submit a Technical Submittal, a separate Cost Submittal, and a PMRB-30 Disclosures form. Required technical submittal attachments include redacted sample evaluation reports, three years of financial statements, a Dun & Bradstreet report, and at least three client references. The solicitation does not state submission deadlines, evaluation criteria, contract term, or explicit budget limits.